Core Viewpoint - Diamond Hill Capital's "Large Cap Fund" reported a cautious stance on AI-driven market enthusiasm while highlighting the potential of fundamentally stable, high-quality, cash-generative businesses [1] Group 1: Market Performance - In Q4 2025, the Russell 1000 Value Index increased by 3.8%, with the information technology sector rising by 11% and communication services by 9%, driven by AI optimism [1] - The Fund returned 1.41% in Q4, underperforming the Russell 1000 Value Index [1] Group 2: Wix.com Ltd. Investment - Wix.com Ltd. (NASDAQ:WIX) was highlighted as a new addition to the Fund, with a market capitalization of $4.628 billion [2] - Wix.com Ltd. stock closed at $83.10 per share on February 2, 2026, with a -17.93% return in the past month and a 63.46% decline over the past twelve months [2] - The Fund initiated a position in Wix.com Ltd. due to concerns surrounding Generative AI, which the company believes are misplaced, citing its core capabilities and strong partner ecosystem [3] Group 3: Hedge Fund Interest - Wix.com Ltd. was held by 71 hedge fund portfolios at the end of Q3 2025, an increase from 42 in the previous quarter [4] - Despite acknowledging Wix.com Ltd.'s potential, the Fund believes certain AI stocks offer greater upside potential and less downside risk [4]